Secrets of how the U.S. “Income Defense Industry”created two different tax systems – one for normal wage-earners and another for those who can afford sophisticated tax advice

WASHINGTON — The hedge fund magnates Daniel S. Loeb, Louis Moore Bacon and Steven A. Cohen have much in common. They have managed billions of dollars in capital, earning vast fortunes. They have invested large sums in art — and millions more in political candidates. Moreover, each has exploited an esoteric tax loophole that saved […]

Secrets of how the U.S. “Income Defense Industry”created two different tax systems – one for normal wage-earners and another for those who can afford sophisticated tax advice Read More »